How to set 2 different profit targets in strategy builder?

[psangram]

Hello Ninja Support team, As per my strategy, i take an entry(lets call it as Trade1[T1]), it could be either short or Long (based on certain criteria) and if it hits SL(based on certain criteria), then only i will take T2(it could be either short or Long, based on certain criteria).
So, basically T2 is taken only when T1 hits SL. Otherwise, there will be no T2. (Even if T1 hits PT, there will be no T2). That being said , at a single point of time - there will not be 2 trades active. Only 1 trade will be ON at a single point of time.

In this strategy, i want to set a different Profit Target for T1 and different profit target for T2(if incase T2 gets triggered). How can i do this using "Stops and Targets" section in the strategy builder.

I know how to set a static PT for all the trades but how can i set it for each individual trade that get's executed.
Please note, my strategy runs on bar close. So entry is on bar close and SL is also on bar close but the PT will be set as soon as the trade is entered and as soon as it hits PT - it has to close the trade.
In my case, i want to set PT of 10 pts for T1 and if incase T2 gets executed, i want to set 15 pts as PT for T2.

How can i do this?

[NinjaTrader_Jesse]

Hello psangram,

In the builder you would need to submit separate entries with unique signal names in order to have two unrelated targets. If you have a single entry then the targets will apply to that total position from that entry. With two entries you have two signal names so you can close a part of the overall position or have different offsets for the targets.

After creating the two entry actions in your set for entry you would need to go to the default properties page and expand the more properties section and change entries per direction to 2. In the stops and targets page you then add individual stops and targets for each of the signal names from the entries.

[psangram]

Hello psangram,

In the builder you would need to submit separate entries with unique signal names in order to have two unrelated targets. If you have a single entry then the targets will apply to that total position from that entry. With two entries you have two signal names so you can close a part of the overall position or have different offsets for the targets.

After creating the two entry actions in your set for entry you would need to go to the default properties page and expand the more properties section and change entries per direction to 2. In the stops and targets page you then add individual stops and targets for each of the signal names from the entries.

Hello Jesse, i do have unique signal names as below under the Conditions and Actions Page --> entry sets.










However, i do not understand why do we have to set "need to go to the default properties page and expand the more properties section and change entries per direction to 2".

In my case, i will only enter Trade2 after Trade1 is closed. So at a single point of time, only 1 trade will be open. And based on what i read in the documentation for 'entries per direction' field - i understood that i would only need set it to 2 if i take a second entry before the first entry is closed. Is my understanding incorrect?


Also, my goal is to have a PT as T1PT(input variable) for L1 or S1 and to have a PT as T2PT(input variable) for L2 or S2.
In this case, is this(see below) how i should set in the Stops and Targets Page?

[NinjaTrader_Jesse]

Hello psangram,

Entries per direction lets the platform know that you meant to put in more than one entry in the same direction. The default setting is 1 so if at any time the orders will be active together then you will need to change that to 2. If you just wanted seperate orders at different times with separate targets and your conditions will not become true at the same time you can leave it at 1.

Regarding the inputs, from the image you have already done that by using the inputs when configuring the targets.

[psangram]

Hello psangram,

Entries per direction lets the platform know that you meant to put in more than one entry in the same direction. The default setting is 1 so if at any time the orders will be active together then you will need to change that to 2. If you just wanted seperate orders at different times with separate targets and your conditions will not become true at the same time you can leave it at 1.

Regarding the inputs, from the image you have already done that by using the inputs when configuring the targets.

Thank you. This helps.
And i tested with the settings i sent in the images and it worked fine.